I find it interesting how deeply downvoted this comment is. This is pretty much what TCI Management, a not insignificant investor in Alphabet, has said in a not

I find it interesting how deeply downvoted this comment is. This is pretty much what TCI Management, a not insignificant investor in Alphabet, has said in a note that they published recently [0]: TCI also pointed out that Alphabet's Other Bets division – which houses operations including Waymo, Nest, Access, Calico and more – generated $3 billion in revenues in the past five years but incurred operating losses of $20 billion. "Other Bets have been unsuccessful" and operating losses estimated at $6 billion in 2022 should be reduced by 50 percent. "The biggest component of Other Bets is Waymo," TCI added. "Unfortunately, enthusiasm for self-driving cars has collapsed and competitors have exited the market. Ford and Volkswagen recently decided to shut down their self-driving venture" saying that achieving profit in the short term was not likely. [0] https://www.theregister.com/2022/11/16/tci_fund_google_cut_costs_waymo_compensation/ https://www.theregister.com/2022/11/16/tci_fund_google_cut_c...